Absorption Report

Punta Gorda, FL

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market		 Balanced
Market		 Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 4% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 0.2 0
76k-100k 4 2 0.7 0
101k-125k 1 5 2 0.8 1.2
126k-150k 7 8 1 0.2 5.3
151k-175k 6 8 0.2 4.5
176k-200k 10 8 3 0.1 7.5
201k-225k 12 15 3 0.2 4.8
226k-250k 23 16 4 0.1 8.6
251k-275k 20 23 7 0.2 5.2
276k-300k 65 65 13 0.2 6
301k-325k 56 68 12 0.2 4.9
326k-350k 96 75 13 0.1 7.7
351k-375k 84 67 10 0.1 7.5
376k-400k 103 64 13 0.1 9.7
401k-425k 59 48 9 0.1 7.4
426k-450k 76 31 3 0.1 14.7
451k-475k 44 36 8 0.1 7.3
476k-500k 41 30 3 0.1 8.2
501k-550k 65 49 11 0.1 8
551k-600k 67 31 5 0.1 13
601k-650k 50 32 3 0.1 9.4
651k-700k 53 25 4 0.1 12.7
701k-750k 28 14 0.1 12
751k-800k 37 17 4 0.1 13.1
801k-850k 20 13 3 0.1 9.2
851k-900k 28 6 1 0 28
901k-950k 22 9 3 0.1 14.7
951k-1m 19 6 0.1 19
1m-1.1m 20 7 2 0.1 17.1
1.1m-1.2m 17 5 0 20.4
1.2m-1.3m 13 5 0.1 15.6
1.3m-1.4m 8 5 1 0.1 9.6
1.4m-1.5m 7 6 2 0.1 7
1.5m-1.6m 6 3 2 0.1 12
1.6m-1.7m 11 3 2 0 22
1.7m-1.8m 3 3 0.2 6
1.8m-1.9m 3 1 1 0.1 18
1.9m-2m 7 3 0.1 14
2m-2.25m 5 0
2.25m-2.5m 4 0
2.5m-2.75m 1 0
3.5m-4m 2 0
4.5m-5m 1 0

Townhouses 11% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
201k-225k 1 0
226k-250k 3 1 0.1 18
251k-275k 1 0.2 0
276k-300k 1 0
301k-325k 3 2 0.1 9
326k-350k 6 3 0.1 12
351k-375k 2 3 1 0.3 4
376k-400k 3 2 0.1 9
426k-450k 1 0
451k-475k 1 0
476k-500k 1 0
501k-550k 2 1 0.1 12

Condos 2% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 3 1 0.5 0
101k-125k 3 4 2 0.2 4.5
126k-150k 20 7 1 0.1 17.1
151k-175k 35 15 1 0.1 14
176k-200k 38 12 0.1 19
201k-225k 22 10 2 0.1 13.2
226k-250k 26 12 0.1 13
251k-275k 35 19 6 0.1 11.1
276k-300k 54 17 4 0.1 19.1
301k-325k 26 13 2 0.1 12
326k-350k 39 6 2 0 39
351k-375k 23 10 2 0.1 13.8
376k-400k 29 8 1 0 21.8
401k-425k 17 11 3 0.1 9.3
426k-450k 29 2 0 87
451k-475k 12 3 0 24
476k-500k 13 1 0 78
501k-550k 23 5 2 0 27.6
551k-600k 16 2 0 48
601k-650k 7 1 0 42
651k-700k 13 0
701k-750k 8 1 0 48
751k-800k 7 1 0 42
801k-850k 2 0
851k-900k 3 0
1.1m-1.2m 3 0

Land 1% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days Sold in Last 6 Months 		Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 417 142 21 0.1 17.6
26k-50k 368 85 13 0 26
51k-75k 141 33 1 0 25.6
76k-100k 90 21 4 0 25.7
101k-125k 42 9 1 0 28
126k-150k 37 7 1 0 31.7
151k-175k 19 11 1 0.1 10.4
176k-200k 28 3 2 0 56
201k-225k 14 5 0.1 16.8
226k-250k 18 1 0 108
251k-275k 11 6 2 0.1 11
276k-300k 20 6 0.1 20
301k-325k 10 2 1 0 30
326k-350k 16 3 1 0 32
351k-375k 8 3 1 0.1 16
376k-400k 15 1 0 90
401k-425k 7 0
426k-450k 7 5 3 0.1 8.4
451k-475k 6 1 1 0 36
476k-500k 7 0
501k-550k 6 0
551k-600k 9 0
601k-650k 5 0
651k-700k 2 0
701k-750k 5 0
751k-800k 12 0
851k-900k 2 2 1 0.2 6
951k-1m 7 0
1m-1.1m 3 1 0.1 18
1.1m-1.2m 5 0
1.2m-1.3m 1 1 0.2 6
1.4m-1.5m 2 0
1.5m-1.6m 1 0
1.6m-1.7m 1 0
1.7m-1.8m 1 0.2 0
1.8m-1.9m 1 0.2 0
1.9m-2m 3 0
2m-2.25m 2 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
2.75m-3m 1 0
3m-3.5m 2 0
4m-4.5m 1 0
4.5m-5m 1 0
5.01m-6m 1 0
7.01m-8m 2 0
13.01m-14m 1 0
15.01m-16m 1 0